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International Healthway Corp buys Australian properties for $73 million

Published on Mar 17, 2014 8:34 PM

MEDICAL firm International Healthway Corporation (IHC) has bought two freehold properties in Australia for A$63.8 million ($73.4million).

The properties - in St Kilda in Melbourne and in Geelong, a city 75km away - are both near hospitals and other medical facilities.

The two deals follow a similar one last week when IHC, which is listed on Catalist, bought a freehold property, also in St Kilda.

IHC owns and manages 18 health care-related assets such as hospitals and mixed use developments in Malaysia, Japan, China and Australia.

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